Gold & Silver: Stocks & ETFs to watch

The recent bullish descending-wedge breakout on Gold has been helped by US$ weakness and concerns about the global economy. I wrote a separate article this morning about the levels to watch on Gold with any continued recovery move and this can be found through the following link. Any continued rally with the metal may help the many beaten-down Gold stocks and ETFs to stage a recovery as well. In this article I have posted a few charts of US and Aussie Gold & Silver stocks/ETFs worth watching in the event of any continued bullish momentum with Gold.

Gold weekly: a weekly-based bullish descending wedge breakout after more than 2 1/2 years. This bullish breakout was noted in my recent w/e analysis:

GC weekly: this NYMX spot Gold chart is naturally quite similar to the FX chart for Gold:

GDX weekly: The Gold Miners ETF also looks to have started a bullish wedge breakout:

GDXJ weekly: The Junior Gold Miners ETF looks to have carved out a base above $20 and staged a trend line breakout:

ABX weekly: Barrick Gold: watching for a bullish wedge break out here BUT I’d still prefer to wait and see any close and hold back above $15. Note how $15 ties in with the top of the weekly Ichimoku Cloud:

AUY weekly: Yamana Gold: this bear trend line has now been broken:

DGP weekly: this double Gold ETF looks like it has made a bullish wedge breakout too but the $30 remains as key S/R: